There have been quite a number of technological advancements in the finance world. An offshoot industry, called fintech, was even developed to cater to this need.
This progression implies that the market is rapidly moving toward a cashless society. The advent of credit cards, and even cryptocurrency, supplements this phenomenon.
The banking industry has definitely progressed from the ancient practices of bartering or exchanging goods to transactions being completed virtually. Now, digital banks empower consumers to do everything online–from creating an account to depositing and withdrawing money.